O Shaughnessy Asset Management LLC Acquires 2,818 Shares of Vulcan Materials Company $VMC

O Shaughnessy Asset Management LLC lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,041 shares of the construction company’s stock after purchasing an additional 2,818 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Vulcan Materials were worth $10,565,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NBT Bank N A NY bought a new position in shares of Vulcan Materials in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials in the third quarter valued at about $30,000. Godsey & Gibb Inc. bought a new position in shares of Vulcan Materials in the fourth quarter valued at about $30,000. WPG Advisers LLC raised its holdings in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares during the last quarter. Finally, Concord Wealth Partners bought a new position in shares of Vulcan Materials in the fourth quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VMC shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Citigroup cut their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Stephens lifted their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. DA Davidson cut their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Barclays boosted their price objective on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $273.86 on Thursday. The stock has a market capitalization of $35.54 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.01 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $282.34 and a two-hundred day moving average price of $290.10.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. Equities analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s payout ratio is currently 24.73%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.